9911796707
TMI Blog2024 (9) TMI 1016X X X X Extracts X X X X X X X X Extracts X X X X ..... on, the applicant has approached this Court seeking anticipatory bail in connection with an FIR bearing CR No.811 of 2021 registered at Akluj Police Station, Solapur, under Sections 420, 477-A, 467 and 409 read with 34 of the Indian Penal Code, and Section 3 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999. The Economic Offences Wing in Solapur is cur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lved in the trade of medical equipment and Oxygen Concentrators, which were in high demand during the COVID period. The co-accused, Muniraj Naidu, initially rented and later purchased 28 Oxygen Concentrators from the applicant, using the name of co-accused Nitin Ughade. However, the applicant had no direct dealings with Nitin Ughade and only supplied the Oxygen Concentrators based on Muniraj Naidu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... duly paid by the applicant. Apart from this specific business transaction, which has proper documentation, there is no evidence to implicate the applicant under Section 34 of the Indian Penal Code. Notably, the other two individuals who allegedly deposited some amount in the applicant's account have not been made accused. The original complaint was against the Bank employees, and there are no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation to the rival contentions and examined the record with reference to the applicable law. 8. It is not in dispute that the investigation is almost complete, and the documents related to the crime consist of bank records. Additionally, there is no dispute that the applicant was involved in the trade of medical equipment and oxygen concentrators. Notably, one of the co-accused has already been g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ct to the condition that the applicant shall deposit an amount of Rs.22,00,000/- in the trial Court within two weeks from today. The trial Court, however, shall not allow the withdrawal of this amount until the conclusion of the trial. (ii) The applicant shall not, himself or through any other person, indulge in any activity that would tamper with the evidence or influence the witnesses. (iii) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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